Explanatory Notes

Bankruptcy and Diligence etc. (Scotland) Act 2007

2007 asp 3

15 January 2007

The Act

Commentary

Part 4 – Land Attachment and Residual Attachment

Chapter 2 – Attachment of land

Payments to account and expenses

Section 119 – Ascription

353. This section provides that, where any sums are recovered by land attachment or are paid by the debtor while the attachment is in force, those sums will be ascribed to the following heads of claim in the following order—

• the expenses of the land attachment chargeable against the debtor;

• interest on the debt due as at the date the notice of land attachment was registered;

• the debt due and any interest on it which has accrued since the registration of the notice.